All prices below are in Thousands and are the Median Price (single family homes only) for that month.

Peak to Trough - Median Home Price

Peak

Month

Trough

Month

% Decline

Reno

$ 379

August, 2005

$ 221

November, 2008

42%

Sparks

$ 346

Sep, 2005

$ 210

December, 2008

39%

Caron City

$ 346

August, 2005

$ 224

October, 2008

35%

Carson Valley

$ 432

Sep, 2005

$ 244

November, 2008

44%

Fernley

$ 262

May, 2006

$ 140

December, 2008

47%

Datyon

$ 305

July, 2006

$ 165

December, 2008

46%

If you are wondering when the "bottom will hit", the answer is not a "one size fits all" answer. I will be posting up an analysis of "Months of Inventory" by a few local cities and by price range of homes to illustrate the different market segments and how near or far they are from reaching a bottom. It is likely that the <$250K priced market segment will bottom out this year. Above that - all bets are OFF!

1 Response to "Reno-Tahoe Home Prices: Peak to Trough"

Glenn Galloway wrote:
Thanks for this data. I've read stats and analyses of house prices, but rarely find stats for local areas such as Carson City. Very helpful. I look forward to receiving your e-mail newsletter.